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I just found out Velocity is raising their commissions on the X-Trader free account $2 per trade! Now instead of $3.49 per trade, I am going to have to pay $5.49 per trade on ZN! Needless to say I am pretty pissed off right now. This sort of move all but guarantees me paying up for the monthly license and going to a different broker. I don't get mad that easy but this really pisses me off.
Feb 2012 : added monthly maintenance fee (<25 RT)
Feb 2013 : increased most commissions $0.13 RT
Feb 2013 : Withdrawals only by wire transfer, $30 fee.
Jun 2013 : No longer providing EUREX data feed via TT.
The latter is the most disappointing. It is the result of their clearing firm, and it affects all introducing brokers of Velocity.
deepdiscounttrading.com is not dropping EUREX from their TT feed.
Is that speculation based up your dissatisfaction or do you know something we don't know?
I have no problems with them other than mandatory wires are ridiculous IMO. But the cost of one transfer per month is the same as the SC platform fee, so unless you do more than that then it's basically a wash. Deep Discount does seem to offer pretty low commission though, so I think I'm gonna look into it.